UK Unveils $675 Million Sovereign AI Fund to Boost Domestic Startups
London announced a new £500 million (about $675 million) Sovereign AI fund aimed at accelerating homegrown artificial‑intelligence companies. Led by venture‑capital partners James Wise and Joséphine Kant, the fund will back startups across model development, agentic AI and drug discovery, while granting them access to the nation’s supercomputing resources, visa shortcuts and procurement pipelines. The first tranche includes an investment in processor‑coordination firm Callosum and compute credits for seven other firms, signaling Britain’s push to become an AI maker rather than a taker.